Response to Irish jobs crisis needs more than new incentives and schemes
The prospect of high Irish long-term unemployment will not be seriously impacted by new incentives and schemes. A change of mindset at policy level is urgently needed including replacing the spin that dominates enterprise policy with an unvarnished assessment of the challenges facing Ireland in a changing global economy… Minister for Finance Michael Noonan announced in the Budget support for exporters targeting BRIC countries (Brazil, Russia. India and China from the original classification plus South Africa). It will help a number of firms but exports to these five countries only accounted for 2.3% of total exports in 2010 with China accounting for the lion's share. Exports to India were at a decimal point. Besides most of the existing exports are made by foreign firms.
-----To continue reading, subscribe to our premium service-----